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There are three different sources compiling these statistics for cities: the most recent data is from Altrata, which found that the four cities with the highest number of ultra-high net worth individuals, as of 2023, were New York City (16,630), Hong Kong (12,546), Los Angeles (8,955), and Tokyo (6,445). [35]
According to The Wealth Report, published by Knight Frank in 2021, there are more than 520,000 ultra-high-net-worth individuals in the world. About a third of these individuals reside in the U.S.
The U.S. population of “high-net-worth individuals” grew by 7.3 percent and now sits with over 7.4 million, according to a recent report from Capgemini. ... Ultra-high-net-worth individuals ...
(The report defines ultra-high-net-worth individuals as those with $50 million or more in liquid assets.) Insights from this report include: Global wealth declined in 2022.
Harvard also ranks first in the number of ultra-high net worth alumni with assets greater than $30 million. Harvard's total number of ultra-high net worth alumni is more than twice that of the next highest ranking institution, Stanford University. These figures have not been adjusted for the relative size of these institutions.
A billionaire is a person with a net worth of at least one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultra high-net-worth individual.
The report also predicted that by 2027, the number of millionaires would increase 44%, while the number of ultra-high-net-worth individuals, defined as households with over $50 million in assets ...
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